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Bible Dictionaries
Backwardation

Webster's Dictionary

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(n.) The seller's postponement of delivery of stock or shares, with the consent of the buyer, upon payment of a premium to the latter; - also, the premium so paid. See Contango.

Bibliography Information
Webster, Noah. Entry for 'Backwardation'. Noah Webster's American Dictionary. https://www.studylight.org/​dictionaries/​eng/​web/​b/backwardation.html. 1828.
 
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